Business News

Current Business News. Read More

Company News

Corporate Company News. Read more

Official News

Government Official News. Read more

Press Releases

All Press Releases. Read More

Home » Misc., Official News

91-day shutdown breaks backbone of IT industry in IOK

November 3, 2019

Srinagar, November 03, 2019 (PPI-OT): In occupied Kashmir, although India has officially declared Jammu and Kashmir and Ladakh two Union Territories, life in the valley continues to remain paralyzed on the 91st day of lockdown and communications gag. Internet and pre-paid mobile services remain suspended while educational institutions have failed to attract students. Public transport, too, is off the roads. Since the abrogation of Article 370 till the third week of October, the Kashmir Chamber of Commerce and Industry has faced losses to the tune of Rs 10,000 crore.

Besides, the 91-day-long shutdown has broken the backbone of IT sector in the Kashmir Valley. The shutdown has rendered between 22,000 and 25,000 IT professionals in the Valley jobless. IT companies are incurring heavy losses. Around 32 IT companies, which have their units in the Industrial Estates Rangreth on the outskirts of Srinagar, now bear a deserted look. With the internet blocked in the Valley since August 5, all these units have been shut.

Sheikh Parvez, CEO Srinagar Technology Consultants (STC) Private Limited, said electricity and internet serve as “oxygen” for the IT sector. “Since August 5, the government has denied this oxygen (internet) to us. How can IT companies work?” he asked. Parvez, who started his company in 2005 with only two people, before August 5 provided jobs to 200 people. He said due to the internet blockade he has been forced to lay-off his staff.

Young entrepreneur Hakim Tajamul, who returned to the Valley from Dubai to set up his venture, said all his hard work has been undone. “We are now back to square one and have to restart afresh,” he said. Since 31 October, the valley has witnessed several protests and incidents of violence, especially in Srinagar city. On Friday, some incidents of protests and violence were seen in the valley, police said without giving further details.

Meanwhile, IOK administration has prepared a list of over 450 people including businessmen, journalists, lawyers and political activists, who would not be allowed to travel abroad for a particular time period. Indian troops arrested a youth from Sopore area of Baramullah district.

For more information, contact:
Kashmir Media Service
Phone: +92-51-4435548, +92-51-4435549
Fax: +92-51-4861736

Related Posts